Starting Out
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago on . Most recent reply
![Bryce T Attisani's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2045242/1696586651-avatar-brycet27.jpg?twic=v1/output=image/cover=128x128&v=2)
Help: need to find financing
I am a new investor looking to purchase rental properties. I closed on a duplex last month and am looking to purchase another one as soon as possible. I have done extensive research in the area of interest and feel ready to dive in. This location is about 7 hours away from where I currently but I have been there several times and feel like I am familiar with the area. These properties are going quick, slipping through my fingers because I don't have my finances lined up. My first duplex was a unique situation: somewhat distressed property but was already being rented ($1,000 a month total, 500 each unit) the tenants have been there for over ten years and have a good rental history. The property was so cheap (20k) that my partner and I decided to just buy it cash. It is in need of about 10k in fixes but is in "rentable" condition-besides the point. I am looking to purchase a second duplex but my problem is I am having trouble finding financing, I would rather just put a down payment on a house instead of purchasing in cash. I have more than enough cash to get the process started (down payment, closing costs, rehab, etc) but I am unlikely to qualify for a conventional loan because I have no proof of income within the past year or so. Does anybody have any suggestions how/where to find financing/investors or other ways to possibly qualify for conventional loan? Thank you in advanced.